Owning EOY over EY

[Vlwilk]

Ok, Starwood owners:

Can one purchase a 2 or 3 BD LockOff EOY but use it like a EY?

Thanks

 

[califgal]

No, you have to use all of your staroptions in one year. You can book your 1 bdrm side let's say for Jan. and your studio side for Dec.. AT WKORV you cannot book weeks 51 and 52 because those are sold as premium even weeks. If you do not use your staroptions , they do not carry over into the next year.

 

[DeniseM]

For lots of info. about how Starwood works, check out the Starwood FAQ at the top of the board.

 

[LisaRex]

You can borrow from next year's StarOptions, but you have to pay your MFs in advance. Not a big deal, but the deal killer for most people is that if you borrow points, you have to wait for the 90 day window to open to reserve. Finally, you can only do this every other year, so for EOY owners, that would mean every 4 years.

 

[tomandrobin]

The only other way to use a EOY as an EY unit is to lock-off one half and deposit it into II and exchange into another resort, or back into your home resort (if avaialable).

 

[DeniseM]

You can borrow from next year's StarOptions, but you have to pay your MFs in advance. Not a big deal, but the deal killer for most people is that if you borrow points, you have to wait for the 90 day window to open to reserve. Finally, you can only do this every other year, so for EOY owners, that would mean every 4 years.

I didn't know that - you can only borrow Staroptions every other year?

And to add to what Lisa said, you can't use borrowed Staroptions during your off-years, only during your use years.

 

[LisaRex]

I didn't know that - you can only borrow Staroptions every other year?

I lied. You can only convert to StarPOINTS every other year. There's no rule against borrowing StarOptions every year. Sorry for the misinformation.

One day I'm going to get all this.

 

[DeniseM]

One day I'm going to get all this.

You and me both!

 

[sherilah]

You can only convert to Starpoints every other year? Does the same rule apply if you have Elite status?

 

[grgs]

You can only convert to Starpoints every other year? Does the same rule apply if you have Elite status?

Elite status allows you to convert every year. Here's the elite perks chart:

https://www.mystarcentral.com/elite/chart.html

Glorian

 

[Henry M.]

You can convert to Starpoints annually if you are 3 Star Elite or above. At 3 Star you can convert up until July 1 and at 4 and 5 Star you have up to October 1. 4 and 5 Star also get a 10% premium on Starpoints (e.g. 88,000 Starpoints for a 2BR lockoff at WKORV, instead of the usual 80,000).

 

[pointsjunkie]

You can borrow from next year's StarOptions, but you have to pay your MFs in advance. Not a big deal, but the deal killer for most people is that if you borrow points, you have to wait for the 90 day window to open to reserve. Finally, you can only do this every other year, so for EOY owners, that would mean every 4 years.

if you own an eoy even year you can only borrow in an even year not in the odd year.

 

[LisaRex]

if you own an eoy even year you can only borrow in an even year not in the odd year.

So you could only borrow if you owned more than one property? Because even year use owners wouldn't have any StarOptions to borrow from in odd years. Right?

(My head is spinning!)

 

[Henry M.]

You can only borrow from the next period that you own to use in the current period that you own.

If you own year 1, you would borrow from year 3 and you could only use the borrowed StarOptions in year 1. Same for years two and four. You can't use borrowing to go in a period where you don't own - if you own even years, you can't borrow to go during an odd year.

If you are Elite, you can borrow every time you are eligible to go. If you are not Elite, you can only borrow every other time that you use your interval.

If you owned separate even and odd years and you wanted to borrow in an even year, you'd be borrowing from the even interval two years in the future, not from the odd years that you own.

You always borrow from the next period that you own - the next even year for even ownership, the next odd year for odd ownership and the next year for every year ownership.

To the OP, there is no way to buy an EOY lock-off to use EY within SVN. At best you could deposit your week with II and exchange into it the following year (if it is not one of the hard-to-get-into locations), or rent it out and use the proceeds to rent something yourself the following year. A direct exchange with someone who owns the opposite years could also work.

 

[Grandmama]

If you owned separate even and odd years and you wanted to borrow in an even year, you'd be borrowing from the even interval two years in the future, not from the odd years that you own.

You always borrow from the next period that you own - the next even year for even ownership, the next odd year for odd ownership and the next year for every year ownership.

So, you CAN borrow 2 years in advance? If I wanted to borrow from an EOY Even to use in 2008 would they let me borrow from 2010 to do that?

I tried to borrow some options from 2009 to use this year (2008) from an EOY Odd unit and they said I couldn't use an Odd Year ownership in an Even Year and visa versa, but they didn't tell me I could borrow from the next use year, 2010 to use in 2008.

 

[Henry M.]

Call and check with member services again. You should be able to borrow from 2010 to use in 2008 if you own even EOY.

 

[James1975NY]

Ok, Starwood owners:

Can one purchase a 2 or 3 BD LockOff EOY but use it like a EY?

Thanks

The only way to use an every other year product every year is to own a lock-off style villa. You can reserve one side and then deposit the other side of the lock-off for use in the year you do not have occupancy via external exchange. Of course, using the external exchange through II requires planning.

 

[nanette0269]

Assuming you are EOY Even Years...Couldnt you reserve something in 2008 and then at the end of 2008 (like December), book something for 2009...but book it in 2008 so you are using your 2008 points?

I thought that I remembered being offered to do that when I first purchased because my first use year was in its last days...I eventually just chose to bank it into II, but I thought they said that I could book something for the next year if I knew what I wanted.

 

[DeniseM]

Assuming you are EOY Even Years...Couldnt you reserve something in 2008 and then at the end of 2008 (like December), book something for 2009...but book it in 2008 so you are using your 2008 points?

No, because the 2008 StarOPTIONS expire at the end of 2008 - they can't be rolled over to the next year. All Staroptions expire at the end of their use year.

For a good introduction to how Starwood works, see the Starwood FAQ at the top of the board.

And also see the responses to your previous post on this same question.